>>> Up
*CREDEM RAISED TO NEUTRAL VS UNDERPERFORM AT EXANE
*CREST NICHOLSON RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
*DANSKE RAISED TO OUTPERFORM VS SECTOR PERFORM AT RBC
*ENGIE RAISED TO BUY VS HOLD AT BERENBERG
*GEBERIT RAISED TO BUY VS HOLD AT HSBC
*MEDIASET RAISED TO BUY VS HOLD AT LIBERUM
*SABADELL RAISED TO NEUTRAL VS SELL AT CITI
*SERCO RAISED TO SECTOR PERFORM AT RBC CAPITAL
*SNAM RAISED TO OUTPERFORM VS NEUTRAL AT MEDIOBANCA
>>> Down
*ASTRAZENECA CUT TO HOLD AT NORDEA
*BANCO POPOLARE CUT TO NEUTRAL VS OUTPERFORM AT EXANE
*BARRATT DEVELOPMENTS CUT TO NEUTRAL AT JPMORGAN
*COMPASS GROUP CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
*EASYJET CUT TO REDUCE VS HOLD AT HSBC
*HENDERSON GROUP CUT TO SECTOR PERFORM AT RBC CAPITAL
*IAG CUT TO HOLD VS BUY AT HSBC
*LANCASHIRE HOLDINGS CUT TO NEUTRAL VS BUY AT CITI
*LUXOTTICA CUT TO UNDERPERFORM VS NEUTRAL AT BOFA
*MEDA CUT TO SELL AT NORDEA
*PERSIMMON CUT TO UNDERWEIGHT VS NEUTRAL AT JPMORGAN
*SAIPEM CUT TO UNDERPERFORM AT JEFFERIES
*WASHTEC CUT TO HOLD VS BUY AT HSBC
*WHITBREAD CUT TO REDUCE VS ADD AT NUMIS
>>> PT Change
>>> Initiation
>>> Call
>> Stock
*BUZZI UNICEM EXITS CONVICTION BUY LIST AT GOLDMAN; STILL BUY